Source Code Capital
Est. dry powder
$1B
Raised, not yet invested
AUM
$7.3B
Assets under management
Latest fund
$470.3M
Wuhan Yuanxia Fund
Est. cheque size
$400K–
From fund sizes
Deals, last 12 months
25
Last seen investing Sep 2026
About Source Code Capital
Source Code Capital is a private equity firm (investor) based in Beijing, China. The firm focuses on venture and growth opportunities. It invests in a diversified range of industries, including business services, consumer discretionary, financial & insurance services, healthcare, industrials, information technology, raw materials & natural resources, real estate and telecoms & media across the global market.
- Type
- Venture Capital Firm (Investor)
- Headquarters
- Beijing, Beijing, China
- Stages
- AngelSeedSeries ASeries BSeries CSeries DSeries ESeries F+1
- Est. cheque size
- $400K–$14.5M
- Sectors
- Diversified, Information Technology, Telecoms & Media
- Regions
- Asia
- Strategies
- Pre-Seed, Seed, Series A, Growth
Where they invest
From deals and portfolio companies on record
Most frequent rounds
- Series A147
- Series B100
- Series C48
- Angel46
- Series D14
Across 439 deals
Portfolio sectors
- Software15
- Consumer Products10
- Electronics10
- Industrial Machinery9
- Internet7
Across 268 companies
Portfolio countries
- China96
- US2
- Indonesia1
- Mexico1
Across 268 companies
Recent investments
Newest 5 of 439
- Series A—
Deep Material
Sep 2026 · Series A
- Series B—
DeepCtrls
Sep 2026 · Series B
- Unspecified Round—
ToolDance
Aug 2026 · Unspecified Round
- Series B$400M
Meshy LLC
Jul 2026 · Series B
- Series B—
Smlstec
Jul 2026 · Series B
Offices
2 locations
- Beijing, Beijing, ChinaHQ
- Beijing, Beijing, China
Questions about Source Code Capital
How much does Source Code Capital invest per deal?
Based on the size of its funds, Source Code Capital writes estimated cheques of $400K–$14.5M. Lead cheques usually sit at the top of that range and follow-on cheques lower.
What stages does Source Code Capital invest in?
Source Code Capital has invested at Angel, Seed, Series A, Series B, Series C and Series D. Its most frequent rounds on record are Series A, Series B and Series C.
How much capital does Source Code Capital have left to invest?
Source Code Capital has an estimated $1B in dry powder: capital it has raised but not yet invested.